Despite the bearishness across the market, the risk-to-reward of buying Cardano around $0.68 made buying a feasible idea.
Solana has reached a significant milestone, celebrating its five-year anniversary while also making strides in institutional adoption through the launch of CME Group’s Solana futures. As the blockchain continues to evolve, its network activity has seen fluctuations, with shifting trends in meme coin trading and growing institutional interest in regulated derivatives. The introduction of Solana futures follows the path set by Bitcoin and Ethereum, potentially paving the way for a SOL ETF as asset managers increasingly seek exposure to the cryptocurrency. Meanwhile, major industry players like FalconX and StoneX are facilitating institutional access to Solana through the first-ever CME Solana futures block trade. Solana Celebrates Five Years: A Look at Its Journey and Future Prospects Solana (SOL), the blockchain known for its speed and scalability, marked its five-year anniversary on Sunday, a major milestone for the network that has grown to become the sixth-largest cryptocurrency by market capitalization. Despite recent fluctuations in network activity, Solana continues to position itself as a leading player in the crypto space, with significant developments on the horizon. ”Happy Solana 0 block day to all those who celebrate,” wrote Anatoly Yakovenko, Solana’s co-founder, in a post on X. Several key projects that originated on the Solana blockchain also joined in the celebrations, including Phantom Wallet and the viral meme coin launchpad Pump.fun. Since its launch, Solana has been recognized for its high-speed transactions and low fees, making it a favored blockchain for DeFi projects, NFTs, and meme coins. However, the past five years have not been without challenges, from network outages to regulatory uncertainty and the collapse of FTX, one of its biggest backers. The FTX collapse in November 2022 sent SOL’s price plummeting below $10, shaking investor confidence. However, Solana's resilience was evident, as the network recovered to its 2022 peak price levels before settling at around $127 today. Solana co-founder Raj Gokal previously described this period as a ”crucible moment” for the blockchain, one that tested its durability and commitment to decentralization. Despite celebrating its anniversary, Solana has seen a decline in active users in recent months. The number of active addresses on the network has been dropping since November 2023, and March is expected to record even fewer active users than February. This decline is closely tied to the waning popularity of Pump.fun, a meme coin launchpad that became one of the fastest-growing crypto startups in history. Launched in May 2024, Pump.fun achieved an astonishing $100 million in cumulative revenue in just 217 days. However, recent meme coin scandals, including a political controversy involving the President of Argentina, have caused investor sentiment to shift. As a result, the percentage of tokens ”graduating” from Pump.fun to Solana’s decentralized exchange Raydium dropped to just 0.66% on Saturday, the lowest level since the platform’s early days. This metric serves as a barometer for meme coin trading enthusiasm, and its decline suggests that speculative interest in the sector has cooled off. The Firedancer Upgrade: A Game-Changer for Solana While network activity may be slowing down, Solana's development team is pushing forward with major upgrades aimed at solidifying the blockchain’s long-term scalability. One of the most anticipated updates is the launch of Jump Crypto’s Firedancer, an alternative high-performance validator client that is expected to significantly boost Solana’s speed and resilience. A prototype version of the software, Frankendancer, was launched in September 2023, providing a preview of the benefits that Firedancer could bring. The full rollout of Firedancer is expected in 2025, with key figures in the Solana community—such as Helius co-founder Mert Mumtaz—predicting a launch by the end of Q2. Firedancer will help Solana move closer to its ambitious goal of processing 1 million transactions per second (TPS), further cementing its reputation as one of the fastest blockchains in the industry. By diversifying its validator clients, Solana also aims to reduce its risk of network outages, a problem that has plagued the blockchain in the past. Another major development that could drive demand for Solana is the potential approval of Solana-based ETFs . Several asset management firms have filed applications for ETFs that include SOL, and analysts have identified Solana as one of the most likely cryptocurrencies to receive approval, alongside Litecoin (LTC), Dogecoin (DOGE), and XRP. An ETF approval would be a major milestone for Solana, making it more accessible to institutional investors and potentially leading to a surge in demand. With Ethereum ETFs already gaining traction, Solana’s inclusion in a fund could position it as the next major institutional-friendly crypto asset. Despite recent setbacks in network activity, Solana’s long-term trajectory remains strong. The blockchain has demonstrated resilience in the face of adversity, bouncing back from the FTX collapse and continuing to develop its infrastructure with the Firedancer upgrade. If network adoption stabilizes, and ETF approvals come through, Solana could be positioned for another major price breakout in 2025. However, the meme coin sector’s decline and ongoing regulatory concerns could continue to weigh on short-term sentiment. FalconX Executes First Block Trade for CME Group’s Solana Futures Ahead of Market Launch In related news, digital asset prime broker FalconX has successfully executed the first-ever block trade for CME Group's Solana futures, marking a significant milestone in the regulated trading of SOL derivatives. The trade, conducted with StoneX as a counterparty, came just a day before the official launch of CME Group’s Solana futures contracts, set for March 17. The move is part of FalconX’s broader strategy to enhance institutional participation in Solana’s growing futures market, according to Josh Barkhordar, head of US sales at the firm. CME Group, one of the world's leading derivatives exchanges, introduced Solana futures contracts in late February in response to rising institutional demand. The contracts are structured similarly to Bitcoin and Ethereum futures, which historically served as precursors to ETF approvals by the US Securities and Exchange Commission (SEC). The new Solana futures contracts come in two sizes: Standard contracts: Representing 500 SOL each Micro contracts: Representing 25 SOL each Both are cash-settled, using the CME CF Solana-Dollar Reference Rate, calculated daily at 4:00 p.m. London time to provide a standardized benchmark for SOL’s US dollar price. With major institutions seeking regulated exposure to Solana, industry experts see this launch as a significant step toward a potential SOL ETF. Following the CME Group's launch of Solana futures, several asset management firms have submitted applications to the SEC for spot Solana ETFs. Among the notable applicants: Franklin Templeton (managing over $1.5 trillion in assets) filed for a SOL ETF in late February 2025. Grayscale, 21Shares, Bitwise, VanEck, and Canary Capital have also entered the race, hoping to bring Solana-based investment products to institutional investors. The move follows the regulatory pattern set by Bitcoin and Ethereum, where futures trading preceded the eventual SEC approval of spot ETFs. Analysts suggest Solana's ETF approval could be a reality in 2025, given the growing institutional interest and the SEC's evolving stance on crypto-based investment products. As a key liquidity provider for CME Group’s crypto derivatives, FalconX has been aggressively expanding its presence in institutional markets. The firm has reported executing over $1.5 trillion in trading volume, covering 400+ tokens for around 600 institutional clients. Recent strategic acquisitions further bolster its footprint: In January 2025, FalconX acquired Arbelos Markets, a derivatives platform specializing in institutional-grade crypto options and futures trading. In February 2024, FalconX partnered with TP ICAP’s Fusion Digital Assets, strengthening its liquidity and data solutions offerings. These moves reinforce FalconX’s role as a leading prime broker for institutions looking to trade regulated digital asset products. The launch of Solana futures comes amid a strong surge in demand for CME’s crypto derivatives offerings. The exchange has reported: 202,000 average daily contracts traded in early 2025, marking a 73% increase year-over-year. 243,600 average open interest contracts, up 55% year-over-year. Over 11,300 unique accounts actively trading crypto derivatives on the platform. Solana Derivatives Trading Booms Amid Market Pullback On centralized crypto exchanges, Solana futures have also experienced a significant increase in trading activity. Data from Coinglass shows: Solana derivatives volume surged 66% to $7.24 billion, reflecting bullish sentiment. Long/short ratios remain above 2, indicating a bias toward long positions despite recent liquidations. $12.29 million in 24-hour liquidations suggest high volatility, as traders navigate Solana’s price fluctuations.
Fraudulent emails impersonating Coinbase and Gemini tricked users into setting up wallets with pre-generated recovery phrases controlled by scammers. Social engineering attacks have also escalated, with hackers breaching Kaito AI’s social media to manipulate token prices and crypto founders being targeted through fake Zoom calls containing malware. Additionally, high-profile security breaches and physical attacks are also becoming more of a problem, especially after the recent armed home invasion of streamer Kaitlyn Siragusa. Fake Crypto Exchange Emails Trick Users The crypto industry is facing a surge in phishing scams targeting users of major exchanges like Coinbase and Gemini. Cybercriminals have been sending fraudulent emails that seem to come from these platforms, instructing users to transition to self-custodial wallets. The emails provide detailed instructions on downloading the legitimate Coinbase Wallet or Gemini's wallet service but include pre-generated recovery phrases that are controlled by scammers. Once users set up wallets using these phrases and transfer their assets, the threat actors can instantly drain their funds. In an attempt to add credibility, the fraudulent emails reference ongoing legal battles. The Coinbase-related scam falsely claims that a court ruling forced the exchange to operate as a registered broker, mandating users to move their assets to self-custodial wallets. It even mentions a class-action lawsuit against Coinbase over unregistered securities sales, although the US Securities and Exchange Commission (SEC) recently dismissed its case against the exchange on Feb. 27. Similarly, Gemini users have been targeted with emails that refer to a supposed court decision requiring them to migrate to a new wallet. The SEC previously sued Gemini over its Earn program, but the case was also dropped on Feb. 26. Coinbase acknowledged the scam , and warned its users never to trust pre-generated recovery phrases. The company reiterated that it will never send such phrases and urged users to stay vigilant. Gemini has yet to officially respond to the reports. Phishing is still one of the most serious security threats in the crypto industry. Blockchain security firm CertiK’s annual Web3 security report revealed that phishing scams cost users more than $1 billion in 2024 alone, with 296 reported incidents. The issue is not limited to email scams. In fact, cybercriminals have also been targeting crypto founders through sophisticated social engineering tactics. At least three founders recently reported that they narrowly avoided a hacking attempt involving fake Zoom meetings . The attackers posed as potential business partners and, during the call, claimed to have audio issues before sending a link to a new meeting, which contained malware that is designed to steal sensitive information. With the rise of these increasingly deceptive attacks, crypto users and industry leaders are urged to be extra cautious. Kaito AI Hit by Social Media Hack Meanwhile, Kaito AI and its founder Yu Hu recently fell victim to a social media hack on March 15, with hackers taking control of the project's X account to spread false information. The attackers claimed that Kaito wallets were compromised and warned users that their funds were not safe. These posts were part of a broader scheme to manipulate the price of KAITO tokens, as on-chain investigator DeFi Warhol revealed that the hackers opened a short position on KAITO before making the fraudulent announcements. By inducing panic selling, the perpetrators planned to crash the token’s price and profit from the market drop. The Kaito AI team quickly regained control of their social media account and reassured its users that there was no breach of Kaito wallets. The team stated that despite having strong security measures in place, the attack bore similarities to recent incidents involving hacked Twitter accounts. This case adds to the increasing number of social engineering attacks and security breaches that are currently affecting the crypto industry. Several high-profile exploits popped up over the past few months. On Feb. 26, the X account of Pump.fun, a fair launch platform, was hacked by an attacker promoting fraudulent tokens, including a fake governance token named ”Pump.” Blockchain investigator ZackXBT later connected this incident to hacks targeting the Jupiter DAO account and the DogWifCoin X account. In another case, the Alberta Securities Commission issued a warning on March 7 about a crypto scam known as CanCap. The scheme relied on fake news articles and counterfeit endorsements using the images of Canadian politicians to lure victims. By playing on the fears of a trade war between Canada and the United States, scammers claimed that the project had the backing of Canadian Prime Minister Justin Trudeau to entice investors. Attackers are employing increasingly sophisticated tactics to manipulate markets and defraud investors, making it crucial for users to verify information before making any financial decisions. Four Charged in Home Invasion Targeting Bitcoin Another major security issue plaguing crypto users is burglaries. Four suspects were charged in connection with the violent home invasion of online streamer Kaitlyn Siragusa, who is known as Amouranth. The attack took place on March 2, when several armed people entered her home, held her at gunpoint, and demanded access to her cryptocurrency holdings. Authorities identified two of the suspects as Dylan Nesho Campbell and Bryan Anthony Salazar Guerrero, while the remaining two are minors aged 16 and 17. Each suspect faces charges of aggravated kidnapping and aggravated robbery with a deadly weapon. Siragusa reported that the intruders beat her and tried to coerce her into handing over her private keys. Her husband, who was on speakerphone during the ordeal, realized the severity of the situation and grabbed a handgun while monitoring the invaders' movements through the home's security cameras. The armed men took the phone, believing they could use it to access a crypto app, while Siragusa managed to stall them by leading them around the house in search of a cold storage device. While the intruders were distracted, Siragusa ran upstairs to her husband, who fired three shots at the suspects. One of the rounds may have struck one of the attackers before they fled the scene. Law enforcement arrived shortly after to secure the area and investigate the attempted robbery. The attack was very likely financially motivated, as Siragusa previously shared to her followers that she held around 211 Bitcoin, which was worth more than $20 million in late 2024. 7 gang members arrested in the UK for kidnapping The incident adds to a growing wave of targeted kidnappings and home invasions against cryptocurrency holders. In January of 2025, a UK court sentenced seven gang members involved in the prolonged kidnapping and assault of a crypto investor, who was coerced into transferring funds. That same month, Ledger co-founder David Balland was kidnapped in France and held for ransom before being rescued by authorities.
The post Ripple Lawsuit News: Ex-SEC Lawyer Says There is No Such Thing As ‘Private Settlement’ appeared first on Coinpedia Fintech News Ripple and the U.S. Securities and Exchange Commission (SEC) are reportedly nearing a resolution to their four-year-long legal battle over the issuance of XRP, which the SEC had alleged to be an unregistered security. The dispute, which began under the Biden administration, has raised questions about the future of the cryptocurrency. According to Fox News, the delay in reaching a final agreement is due to Ripple negotiating more favorable terms related to a district court ruling that imposed a $125 million fine on the company. The ruling also included a permanent injunction preventing Ripple from selling XRP tokens to institutional investors. Legal expert Jeremy Hogan suggested that a private settlement with the SEC could bring the lawsuit to an end without the need for a court battle. Hogan stated that if a settlement is reached, the case could be wrapped up in a matter of days, providing much-needed clarity for Ripple and the broader market. This would allow Ripple to move forward, giving institutions the green light to engage with XRP and ushering in a new era for the cryptocurrency. Hogan had previously said, “The only way the case could “be over” soon is if Ripple and the SEC reach a private settlement agreement (which would vary from the judgment), dismiss the appeal, and then simply never take the terms of the settlement agreement back to the trial court to be ratified. This is possible but, assuming the injunction is the sticking point, the SEC would have to agree not to enforce the Court’s injunction.” To my knowledge they never have. I assume it’s a legal requirement but it’s one of those things so built into the process that nobody questions it. — Marc Fagel (@Marc_Fagel) March 15, 2025 However, former SEC lawyer Marc Fagel pointed out that there is no such thing as a “private” settlement with the SEC. All SEC settlements are public and must be reviewed by a court. Fagel added that while it may seem like a routine process, it is legally required for transparency and oversight.
As Bitcoin price struggles to pass the $84,000 resistance on the upside, bearish calls for BTC are rising amid severe correction in the US stock market. Popular economist Peter Schiff believes that if Nasdaq enters the bear market correcting 40% from the peak, BTC price can collapse all the way to $20K. NASDAQ Decline and Bitcoin Price Correlation Amid the brutal US stock market correction over the last few weeks, the NASDAQ index is down by 12%. Economist Peter Schiff believes that things could turn brutal for BTC if the correction slips further into a bear market. The Bitcoin price shares a historical correlation with Nasdaq. A 12% NASDAQ decline often equates to a 24% drop in Bitcoin, placing it at approximately $65,000. If the NASDAQ continues to drop by 20%, Bitcoin could align at $55,000. However, Schiff added that Nasdaq has historically seen even greater corrections while slipping into the bear market territory. The economist stated that during the Dot-com bubble, the NASDAQ fell nearly 80%, while it declined 55% during the 2008 financial crisis and 30% during the COVID crash in 2020. Considering an average 55% decline, Schiff believes that even a 40% drop in Nasdaq index could push BTC price lower to $20,000. “A drop of this magnitude would likely accelerate Bitcoin’s collapse to much lower levels,” Schiff stated . However, Peter Schiff is not alone in predicting a Bitcoin price crash to such lower levels. Last week, Bloomberg analyst Mike McGlone predicted a BTC crash to $10K , while Gold has been on a very strong upside rally. For the near term, all eyes will be on the upcoming US Fed decision following the cooling US inflation data for the month of February. Traders are positioning themselves for the same with a strong surge in daily trading volumes. Gold’s Negative Correlation With Nasdaq In contrast to Bitcoin, gold has shown a negative correlation with the NASDAQ. Since the NASDAQ peaked on December 16, 2023, gold has risen 13%, demonstrating an inverse relationship. Economist Peter Schiff stated that if the NASDAQ undergoes a 40% decline, gold could soar past $3,800. These gains could further extend if the bear market leads to a significant decline in the US Dollar, says Schiff. At $3,800 gold and $20,000 Bitcoin, Schiff projected Bitcoin’s value in terms of gold would plunge over 85%, challenging Bitcoin’s narrative as a store of value. Schiff Predicts US Might Give Up On Bitcoin Reserve Plans The economist stated that the divergence in the value of Bitcoin price and Gold could challenge the cryptocurrency’s status as “digital gold”. Thus, Peter Schiff believes that this could further push away the governments or ETF investors to hold Bitcoin in reserves. He added that massive selling pressure would make it “impossible” for companies like MicroStrategy to liquidate enough Bitcoin to avoid financial distress. Over the past weekend, Bitcoin and the broader crypto markets haven’t shown much of a movement. As press time, Bitcoin is trading 0.66% down at $83,742 with its daily trading volume up by 79% to more than $23.21 billion. The post Bitcoin Price Crash to $20K Possible If Nasdaq Enters Bear Market, Says Peter Schiff appeared first on CoinGape .
As reported by COINOTAG News on March 17th, data from Coinglass reveals critical thresholds for Bitcoin that could trigger significant market movements. Should Bitcoin surpass the pivotal mark of $85,000,
According to recent data from Coinglass, the cryptocurrency market experienced significant fluctuations within the past 24 hours. Notably, BNB led the market with a remarkable net inflow of $20.57 million,
Solana, the layer-one blockchain platform, celebrated five years since the launch of its mainnet on March 16, 2020. To celebrate the milestone, the network shared its accomplishments, which include more than 1,300 validators, nearly $1 trillion in trading volume, and over 408 billion total Solana transactions, in a post on its official X account. https://twitter.com/solana/status/1901279678620749997?s=46&t=nznXkss3debX8JIhNzHmzw Solana ( SOL ) was founded in 2017 by Anatoly Yakovenko with the goal of addressing the primary challenge facing blockchain technology. The network aims to strike the right balance between scalability, security, and decentralization. When combined with proof-of-stake, Yakovenko’s proof-of-history system speeds up transaction processing. Solana has been able to grow while maintaining low costs as a result. You might also like: Solana aims higher, but can it conquer this key resistance? More than 254 million blocks have been generated by Solana since its mainnet went live in March 2020. Since then, the network has grown to be a major force in decentralized finance, with over $7 billion in total value locked in its protocols, according to DeFiLlama data . Meanwhile, Solana’s stablecoin market has reached $11 billion, down from its peak of over $12.6 billion in February 2025. Similarly, its market cap, which once peaked at $127.5 billion, now stands at $65 billion. Developer interest in Solana has also significantly increased. It surpassed Ethereum as the most popular blockchain for new developers in 2024. According to Electric Capital’s 2024 developer report , Solana attracted 7,625 new developers in the previous year, accounting for 19.5% of all new entrants in the market. On Mar. 17, CME Group plans to introduce Solana futures contracts, subject to regulatory clearance. These futures, which are intended to assist investors in protecting themselves from price swings, indicate that Solana is becoming a more widely accepted asset in the cryptocurrency market. Furthermore, Solana has been included in several exchange-traded funds applications , indicating its increasing mainstream acceptance and room for growth. Read more: Solana’s SIMD-228 proposal to reduce SOL inflation by 80% fails to meet approval threshold
In a recent report by Bloomberg, it has been revealed that former President Donald Trump intends to engage in discussions regarding a potential peace agreement related to Ukraine during conversations
The White House is in full crisis mode, as Treasury Secretary Scott Bessent said Sunday that the U.S. was on the brink of a financial collapse thanks to reckless government spending over the past few years. Now, the administration is scrambling to fix it. “What I could guarantee is we would have had a financial crisis. I’ve studied it, I’ve taught it, and if we had kept up at these spending levels that—everything was unsustainable,” Bessent said on NBC’s Meet the Press . “We are resetting, and we are putting things on a sustainable path.” Trump slashes government spending President Donald Trump has made cutting costs a top priority. He launched the Department of Government Efficiency, led by Elon Musk, to trim the fat across multiple federal agencies. The goal? Fewer jobs, more early retirements, and lower government spending. But despite these efforts, the numbers tell a different story. The U.S. budget deficit for February alone passed $1 trillion, worsening the debt situation. Even Bessent isn’t promising a smooth recovery. “There are no guarantees” the country won’t hit a recession, he admitted. Wall Street isn’t taking this lightly. Markets have been on edge as Trump’s aggressive tariff policies spark fears of inflation and economic slowdown. The S&P 500 tumbled into a 10% correction from its February high, sending volatility through the roof. Bessent doesn’t seem concerned. “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy. They’re normal,” he said . “What’s not healthy is straight up, that you get these euphoric markets. That’s how you get a financial crisis. It would have been much healthier if someone had put the brakes on in ’06, ’07. We wouldn’t have had the problems in ’08.” Bessent backs Trump’s economic agenda Scott Bessent didn’t just step into the Treasury to keep things quiet. He’s become one of the loudest voices pushing Trump’s MAGA 2.0 economic policies. His stance? Short-term market pain is worth it for long-term economic control. Bessent, a former hedge fund manager, isn’t following Wall Street’s playbook. He’s embracing Trump’s protectionist trade policies and calling for the U.S. to “detox” from government spending. He raised eyebrows recently when he said, “Access to cheap goods is not the essence of the American Dream.” He also dismissed fears over tariffs, saying he was “less concerned” about short-term impacts. “He definitely has not played the role to date that the markets had expected,” said Sarah Bianchi, senior managing director at Evercore ISI. The concern is that there’s no one left in the administration willing to push back on Trump’s aggressive economic moves. Under Trump’s first term, officials like former Treasury Secretary Steven Mnuchin and other economic advisors acted as guardrails, preventing extreme policies from wreaking havoc. Those restraints are now gone. “Whatever the guard rails that were in place the first administration no longer exist,” said a former Trump official. Bessent’s close ties to George Soros and lack of Republican political experience had many on Wall Street expecting him to take a more traditional, free-market approach. Instead, he’s aligned himself fully with Trump’s America-first strategy, especially when it comes to trade. “Scott is very well aware that there’s some serious economic costs to raising tariffs dramatically,” said Jens Nordvig, founder of Exante Data. But that doesn’t mean he’s resisting them. Unlike Mnuchin, who fought against Trump’s more radical protectionist ideas, Bessent appears to be going along with it. Market fears grow as recession risks loom Trump’s second-term economic agenda is making waves, especially in global trade. Early decisions have hit China, Canada, and Mexico, causing a ripple effect in the markets. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer are leading the charge on new trade battles, leaving Bessent navigating some tricky internal politics. The Treasury Secretary and Lutnick aren’t exactly best friends. They both wanted the Treasury job, and tensions between them are well known. “He’s got to be careful so that he’s not a negative Nancy,” said a person familiar with the situation, comparing their relationship to a “Brazilian knife fight with the lights out.” Despite concerns, the White House insists Bessent is fully behind Trump’s vision. A Treasury spokesperson put out a statement saying he’s “working tirelessly to enact this mandate on behalf of the President, and ensure that Main Street and Wall Street both reap the benefits of President Trump’s winning economic agenda.” But Bessent himself knows the transition won’t be painless. He recently acknowledged that moving away from public spending to private spending will take time. “There’s going to be a natural adjustment,” he said. “The bottom 50 percent of working Americans have gotten killed. We are trying to address that,” he told CNBC. When asked if the economy inherited by Trump is starting to weaken, he didn’t deny it. “Could we be seeing that this economy that we inherited is starting to roll a bit? Sure.” Wall Street is still waiting for reassurances, but Bessent’s message has stayed the same: long-term economic strength requires short-term pain. “It’s very clear to people now that this is not someone who is simply channeling the voice of markets. This is someone who has a very different view of the world,” said Josh Lipsky, senior director of the Atlantic Council’s GeoEconomics Center. The shift in Trump’s economic strategy has some economists worried about stagflation or an outright recession. CEOs polled by the Business Roundtable have already scaled back plans for hiring and investment. Goldman Sachs CEO David Solomon recently said policy uncertainty is slowing dealmaking and keeping investors hesitant. Bessent, on the other hand, sees some silver linings. He pointed to a recent drop in long-term borrowing costs and lower gas prices as proof that the administration’s strategy is working. But at the same time, he admitted the U.S. is undergoing a fundamental shift, and that’s going to hurt before it helps. “There is no doubt that Trump has had a big impact on his thinking on the economy,” said Stephen Moore, a former Trump advisor. Moore noted that Bessent has managed to avoid stepping on Trump’s toes in media appearances, a skill that many of Trump’s former economic officials failed to master. On policy, Moore said Bessent has “become more Trumpian in how he thinks about how these policies impact blue-collar, middle-class America.” Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More